Getting surgery done can be quite expensive. Regardless of whether these procedures are elective or non-elective, some medical procedures may come with hefty fees which can leave you saddled with debt for years on end. At times medical aids do not cover certain procedures and you me be left to foot the bill. Fortunately, there are other alternatives available to get you through such challenging times.
Plastic surgery loans could be the next big thing in South Africa, as more individuals are opting to get financial assistance in order to be able to afford to pay for surgeries. Statistics have also shown that there has been remarkable growth since October 2008 in plastic surgery among the black middle class. Most medical aids refuse to bear the costs of these procedures, which has created more opportunities for other medical financial institutions such as Cosmetic Clinic, First Health Finance, Vive Clinic, MediFin and Incred Medical Finance.
Tell me more about plastic surgery loans?
By qualifying for plastic surgery loans you can pay your surgery off over an allocated period of time. Loan amounts generally range from R8000 to R40 000.
To apply for these loans you generally need to provide your valid ID, proof of residence and proof of income.
Loan providers have finance plans that are designed and implemented to suit your personal needs.
To apply for plastic surgery loans, patients first need to obtain a quote from their doctor and will then need to fill in an online form.
It’s important to keep in mind that better rates are generally offered to lower-risk individuals. Patients with excellent credit will benefit from reduced interest rates. Lenders will want to see legitimate quotes and proof that you will be able to afford to make repayments comfortably.